SBI Life Insurance Friday said global investment firm Carlyle Group has acquired nine per cent stake in the life insurer from BNP Paribas Cardif.
At the current market price, Carlyle would have paid Rs 5,445 crore for the nine crore shares picked up from the open market.
Following the transaction, Cardif's stake in SBI Life has come down to 12.8 per cent from 22 per cent while Carlyle's holding through CA Emerald Investments is at nine per cent.
SBI remains the majority shareholder with 62.1 per cent stake in the company.
SBI Managing Director (global banking & subsidiaries) Dinesh Kumar Khara said SBI Life appreciates the support given by Cardif in this journey and look forward
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